Wheat harvest in Russia in 2023 may drop to 86 million tons while carrying stocks amount to about 24 million tons

Wheat

Russia

Published Mar 29, 2023

Tridge summary

Wheat harvest in Russia in 2023, according to preliminary estimates, may decrease to 86 million tons from 104.2 million tons in 2022. Interfax writes about this with reference to Dmitry Rylko, Director General of the Institute for Agricultural Market Studies (IKAR).

In this case, he believes, carryover stocks of wheat could amount to "about 17 million tons or even more." In general, grain harvest, according to his forecast, may reach about 131 million tons (157.7 million tons in 2022). “We estimate the carryover stock at about 24 million tons,” the expert said.

At the end of January, the analytical center of Rusagrotrans reduced the estimate of the gross wheat harvest in 2023 by 1 million tons - from 82.5 million to 81.5 million tons - due to an increase in the area of damage to crops in the Center and part of the Volga region. Wheat exports in July-March of the 2022/23 season are forecast to exceed exports for the entire last season by 3.7 million tons and reach 36.6 million tons.

Original content

Wheat harvest in Russia in 2023, according to preliminary estimates, may decrease to 86 million tons from 104.2 million tons in 2022. Interfax writes about this with reference to Dmitry Rylko, Director General of the Institute for Agricultural Market Studies (IKAR). In this case, he believes, carryover stocks of wheat could amount to "about 17 million tons or even more." In general, grain harvest, according to his forecast, may reach about 131 million tons (157.7 million tons in 2022). “We estimate the carry-over stock at about 24 million tons,” the expert said. At the end of January, the analytical center of Rusagrotrans reduced the estimate of the gross wheat harvest in 2023 by 1 million tons - from 82.5 million to 81.5 million ...

Source: Zol